Despite the current economic climate and inflation concerns, a recent poll conducted by Morgan Stanley and AlphaWise revealed that a significant number of Americans are gearing up for summer travel. The survey showed that 60% of consumers are planning a summer getaway, with an even larger percentage of those earning between $75,000 and $150,000 (75%)
investment
After the stock market hit record levels this week, it may be time for investors to consider trimming their positions in overbought names. The S & P 500, Dow Jones Industrial Average, and Nasdaq Composite all reached all-time highs. However, fresh economic data that dashed Federal Reserve rate cut hopes caused the major averages to
Over the last decade, there has been a significant shift in public support for the implementation of a per-mile user fee as a way to replace or supplement the declining gas tax. According to a recent survey conducted by the Mineta Transportation Institute, the backing for a flat-rate mileage fee has increased from 22% in
The municipal bond market experienced a significant sell-off, mirroring losses in U.S. Treasuries and equities. This correction comes as the summer reinvestment season approaches, with outflows from municipal bond mutual funds for the second consecutive week. Notably, high-yield bonds continued to perform well amidst the overall market decline. Analysts suggest that the primary reason behind
In the world of artificial intelligence and chipmaking, Nvidia has been a standout performer. The company recently reported impressive earnings and revenue for its fiscal first quarter, surpassing estimates and issuing strong guidance for the future. This robust performance has led Wall Street analysts to turn more bullish on Nvidia, with many of them raising
In the current market landscape where the S & P 500 and the Nasdaq Composite are thriving, small-cap stocks have been overlooked. However, investors seeking income opportunities may find hidden gems within the Russell 2000 index. According to Jill Carey Hall, an equity strategist at Bank of America, a significant number of small-cap stocks now
The recent announcement by Comptroller Brad Lander regarding the NYC Employees’ Retirement System investing up to $60 million in affordable housing units has stirred up mixed emotions. While Lander emphasized the positive impact this investment would have on preserving over 35,000 units, there is still lingering skepticism due to the circumstances surrounding Signature Bank’s collapse.
Nvidia, the $2.3 trillion chipmaker, has been a key player in driving the performance of U.S. equities, particularly in the semiconductor sector. With a significant weighting in the popular VanEck Semiconductor ETF (SMH), Nvidia’s performance has a direct impact on the overall market trends. The company’s focus on artificial intelligence has propelled its stock by
The recent trends in public-private partnership (P3) activity in the United States have been unsettling, with a noticeable decline in such partnerships last year. Despite this setback, the longtime trajectory of a growing number of P3s remains intact, indicating a promising future with a robust project pipeline and infrastructure funds seeking investment opportunities. The southeastern
The recent surge in the price of Ether, the second-largest cryptocurrency by market capitalization, comes as the U.S. Securities and Exchange Commission (SEC) is set to announce its decision on spot exchange-traded fund (ETF) applications for Ether. This surge is fueled by speculation that the SEC might approve these applications, contrary to what investors had